# Use the formula . Calculate FV for each set of values.  R = \$100, i=0.025, n = 15R = \$200, i=, n = 50R = \$750, i=, n = 36

Question
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1. Use the formula . Calculate FV for each set of values.

1. R = \$100, i=0.025, n = 15
2. R = \$200, i=, n = 50
3. R = \$750, i=, n = 36
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Step 1

The questions in part 2 and 3 do not consist of interest rate (i). Hence assuming random values for interest rate (i) for questions in part 2 and 3. Replace the values for interest rate (i) given in textbook to arrive the answers. The final answers calculated below will vary however. We are assuming an interest rate (i) of 2.50% for the questions in part 2 and 3.

Step 2

1.

Calculation of future value:

Step 3

2.

Calculation of future value:

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